Discuss and consider adoption of Ordinance 09-2026-607, an ordinance of the City of Crowley, Texas affixing and levying Municipal Ad Valorem Taxes for the fiscal year 2026-27, beginning October 1, 2026 and ending September 30, 2027, and or each year thereafter until otherwise provided on all taxable property within the corporate limits of the City of Crowley as of January 1, 2027 to provide revenu

Staff Report & Agenda Item Details

In accordance with Chapter 26 of the Texas Tax Code, the governing body must hold one (1) public hearing on the proposed tax rate that exceeds the no-new-revenue tax rate.  A public hearing on the tax rate was held on September 17, 2026.  At the August 6, 2026 council meeting, the Council established a proposed maximum tax rate of $0.696260/$100 of taxable value.  This is greater than the no-new-revenue rate of $0.660677/$100 and greater than the voter-approval tax rate of $0.686622/$100 but does not exceed the de-minimis rate of $0.696267/$100.<br><br>The tax rate of $0.696260/$100 consists of the proposed maintenance and operations (M&O) rate of $0.556444 and the interest and sinking (I&S) rate of $0.139816/$100.<br><br><br><br>